6-Unit Apartment
416 Michigan Storm Lake, IA 50588
New
MULTI_FAMILY - Storm Lake, IA
Property size:
5,015 SFLot size:
0.17 AcresPrice / SF:
$51/SF- Added:
- Jul 3, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 9 at 7:06 pm
Property Features for 416 Michigan
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Res
- Bedrooms
- 10
- Bathrooms
- 6
- Rooms
- Bathroom 6, Bathroom 3, Bathroom 4, Bedroom 7, Bedroom 9, Bathroom 5, Bedroom 10, Bedroom 5, Bedroom 6, Bedroom 8, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2
- Standard status
- Active
- APN
- 1403186015
- Size
- 5,015 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 10-32 STORM LAKE CORP HAYES 93'
- Tax Annual Amount
- 5650
Utilities
- Heating system
- Baseboard
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1955
- Number of units
- 6
Listing agent Adam Doughan License #S64819 (712) 441-6097
Listing office Real Broker, LLC 699 Walnut St 4th Floor, Des Moines, IA (515) 305-2577
Listing date Jul 3, 2026
MLS# 833706
Listing URL
Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6-unit apartment building offers a mix of two layouts: two one-bedroom, one-bath units and four two-bedroom, one-bath units. Each unit includes a living space and a kitchen/dining area. The property also features a separate shared laundry space in the basement with coin-operated washer and dryer facilities. Exterior parking is available for tenants.
Located in Storm Lake, Iowa, the building sits on a smaller lot that supports tenant-focused parking and on-site shared amenities. The listing reports 100% occupancy and matching MarketRent Roll and Actual Rent Roll figures at the time of listing.
For prospective owners or operators, the unit configuration provides straightforward household mix across one- and two-bedroom demand. The reported rent and operating setup also defines who pays what: tenants pay electric, while the owner pays electric for common space, water/sewer, gas, and garbage. Lawn and snow removal are listed as part of monthly expenses, and security deposits are noted as being included upon closing.
Located in Storm Lake, Iowa, the building sits on a smaller lot that supports tenant-focused parking and on-site shared amenities. The listing reports 100% occupancy and matching MarketRent Roll and Actual Rent Roll figures at the time of listing.
For prospective owners or operators, the unit configuration provides straightforward household mix across one- and two-bedroom demand. The reported rent and operating setup also defines who pays what: tenants pay electric, while the owner pays electric for common space, water/sewer, gas, and garbage. Lawn and snow removal are listed as part of monthly expenses, and security deposits are noted as being included upon closing.
Key Highlights
- 6‑unit property with 100% occupied status
- Unit mix: 2 one‑bedroom/1‑bath units and 4 two‑bedroom/1‑bath units
- Kitchen/dining and living space in all units; separate shared coin‑operated washer/dryer in basement
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit multifamily property with ample exterior parking and basement coin-operated laundry.
Where is this apartment building located?
The property is located at 416 Michigan Storm Lake, IA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 6‑unit property with 100% occupied status; Unit mix: 2 one‑bedroom/1‑bath units and 4 two‑bedroom/1‑bath units; Kitchen/dining and living space in all units; separate shared coin‑operated washer/dryer in basement
